Hollencrest Capital Management Has $97,000 Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Hollencrest Capital Management raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 536.0% during the second quarter, HoldingsChannel reports. The firm owned 1,253 shares of the company’s stock after acquiring an additional 1,056 shares during the quarter. Hollencrest Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $97,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SCHD. LPL Financial LLC boosted its stake in Schwab US Dividend Equity ETF by 3.1% in the second quarter. LPL Financial LLC now owns 11,180,518 shares of the company’s stock valued at $869,397,000 after buying an additional 339,256 shares in the last quarter. Charles Schwab Investment Advisory Inc. lifted its stake in Schwab US Dividend Equity ETF by 0.4% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock valued at $783,833,000 after purchasing an additional 40,493 shares during the last quarter. Sumitomo Life Insurance Co. raised its stake in Schwab US Dividend Equity ETF by 41.5% during the second quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock worth $677,625,000 after buying an additional 2,620,000 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 4.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,775,195 shares of the company’s stock valued at $626,914,000 after acquiring an additional 299,496 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Schwab US Dividend Equity ETF by 2.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock worth $455,013,000 after purchasing an additional 139,020 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.5 %

Shares of NYSEARCA:SCHD opened at $84.48 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $85.24. The stock has a market capitalization of $59.26 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock’s 50-day moving average price is $82.19 and its 200-day moving average price is $79.62.

Schwab US Dividend Equity ETF Company Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.